A Debt Test is a process of asking questions about you and your finances. They are typically developed by the Test provider.
The outcome of a test may provide an indication on a number of areas, such as;
- whether you should worry about your current levels of debt
- tips on avoiding debt problems
- advice on how to tackle debts if you are in trouble
A Debt Tests tells you how you would appear to a credit rating agency. Your results are only an indicator, not an exact prediction, so you should not take any decisions based solely on the Test’s feedback.
Your feedback is based on the information you give at the time about your current financial circumstances. Everyone’s situation is different, so some of the suggestions provided might not apply directly to you. You may need to adapt them to fit your own circumstances. And, remember, it is a good idea to review your finances from time to time, especially when your circumstances change.
Debt Tests aim to give you some information to help you identify your financial needs and make your financial decisions. It does not provide financial or other professional advice. If you want advice specifically tailored to your personal circumstances you should consult an adviser.
We work closely with several local debt charities including adviceni.com and ruralsupport.org.uk providing training and support. Linda Wilson, our Voluntary Sector Services Manager, works closely to ensure that our services are accessible to those most in need.